SOXL, a leveraged semiconductor and tech ETF, is trading at $211.71 (-2.68%) in early trading as information technology stocks face renewed pressure. The main drag is a sharp loss of confidence in high‑beta AI and chip names after South Korea’s Kospi plunged over 7%, led by major technology and memory-chip giants, amid fears of AI overinvestment and increased competitive and regulatory risks around AI data centers and memory pricing.